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Triumph Motorcycles India eyes 10pct growth

Auto News - Published on Thu, 26 Apr 2018

Image Source: ndtv.com
ET reported that British iconic motorcycle brand Triumph is eyeing 10 % rise in sales during the next financial year. Triumph Motorcycles India, a subsidiary of Triumph Motorcycles, has about 5,000 customers since it entered India in 2014.

Triumph Motorcycles India managing director Vimal Sumbly said that the company follows June-July as financial year and expects to sell 1,300 units by May. Mr Sumbly said that "We are expecting to sell around 1,300 units. For the next financial '18-'19, we are looking at 10 % growth."

Mr Sumbly and senior company officials were here for unveiling new-generation classic cruiser 1200cc Bonneville Speedmaster priced at INR 11.11 lakh.

The company currently has 15 outlets across the country and would be opening the 16th in Mangaluru later this week, he said.

Responding to a query, he said, in the last four years, the overall motorcycle sales grew by two per cent while Triumph Motorcycles posted 63 % growth with majority of sales contributing from Classic range.

The company has tied up with private sector HDFC Bank to offer financial schemes which cover 75 % of the customers.

Stating that the company would be rolling out various new models in the next financial year, he said 90 % of the motorcycles were "assembled" at the company's factory in Manesar, Haryana.

The company has several models with prices ranging from INR 7.05 lakh to INR 23 lakh, he added. He said, the company plans to have 25 retail outlets in next two-three years across the country.

Source :

Posted By : Rabi Wangkhem on Thu, 26 Apr 2018
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